The following is a list of account titles and amounts $($in millions$)$ reported at December $30,2018,$ by Patel & King Manufacturing a

leading manufacturer of games, toys, and interactive entertainment software for children and families:

Required:

Prepare the asset section of a classified balance sheet for Patel & King Manufacturing.

$2-$a$.$ Using Patel & King's $2018$ Net Sales Revenue of $$4,600($million$)$ and its average Net Fixed Assets of $$266($million$),$ calculate the

fixed asset turnover ratio for $2018.$

$2-$b$.$ Has the company generated more or less revenue from each dollar of fixed assets than in $2017,$ when the ratio was $19\mathrm{.}40?$

Complete this question by entering your answers in the tabs below.

Prepare the asset section of a classified balance sheet for Patel & King Manufacturing. $($Enter assets in the order of their

liquidity. Enter your answers in millions. Amounts to be deducted should be indicated by a minus sign.$)$

Patel & King Manufacturing

Balance Sheet $($partial$)$

December $30,2018$